Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Can I write off the Mac and PC I had to buy for my work?
I have been working as a consultant for a company that required that I have both Mac and PC in order to present their software. I use these for personal use as well but the only reason they were purchased in the first place is because it was REQUIRED. Can I write this off and if so do I have to give a business/personal percentage to the write off? If so, what if you have nothing to prove the alloted percentages?
3 Answers
- Anonymous1 decade agoFavorite Answer
Just because it was required doesn't make this a magic deduction.
See IRS pub 946 and read the rules for section 179 deductions. While you *might* get to deduct more in year 1, chances are your tax bill will stay unchanged.
If you get a W-2:
Any employee business expense goes on form 2106 and then schedule A. On schedule A, it's reduced by 2% of your AGI and then if anything is left, it's added to schedule A. Only if schedule A is greater than your standard deduction will it make a difference.
If you get a 1099-Misc, you put this on schedule C and keep detailed logs of usage as you are a prime target for audits.
General rule, no proof, no deduction.
- JssLv 71 decade ago
Working as consultant means you are an independent contractor. You can deduct your job/business related expenses.
Buying computer is capital expense, which is normally depreciated. However, under section 179, you can claim the deduction if you use it mainly for business.
- Ryan MLv 71 decade ago
Nope it is not a full write off. It is subject to MACRS depreciation
Source(s): Tax 101
